Another corporate partner is dumping Donald Trump

PVH Corp., the menswear company behind huge brands such as Calvin Klein and Tommy Hilfiger, is the latest corporate partner to distance itself Donald Trump in the wake of his derogatory comments about Mexican immigrants.

Also known as Phillips-Van Heusen, PVH PVHtold Forbes on Tuesday that it is “in the process of winding down” a licensing agreement to market the shirts and ties in the Donald J. Trump Signature Collection. The agreement was set to run through 2018.

The news represents the latest backlash to comments Trump made in a speech last month kicking off his Republican presidential campaign. In the speech, the billionaire real estate mogul decried the influx of illegal immigrants into the U.S. and accused Mexican immigrants of such crimes as rape, murder, and drug-dealing.

Companies such as Macy’sM and mattress giant Serta have severed ties with Trump in the weeks since the presidential hopeful made the derogatory statements. ESPN and the PGA have also opted to find new homes for golf tournaments they had planned to hold at Trump-owned golf courses, while both Univision and Comcast’s CMCSA NBCUniversal canceled plans to air Trump’s Miss USA and Miss Universe beauty pageants.

PVH’s license agreement for Trump’s signature menswear line dates back to 2004 and Macy’s held the exclusive retail rights to sell the products, which appears to have influenced PVH’s decision to wind-down the business.

A PVH spokesperson told Forbes:

“Mr. Trump and Macy’s have both addressed the discontinuation of the Trump business at Macy’s, which was the exclusive retail account for the Donald J. Trump Signature Collection dress shirt and neckwear collections produced under our license agreement for the brand.”

Meanwhile, Trump told Forbes he harbors no ill will toward PVH for the decision.

Trump says his supporters are cutting up their Macy’s credit cards

When you’re Donald Trump, another rescinded corporate partnership is nothing if not an opportunity to galvanize your supposedly growing base of political supporters.

The billionaire real estate mogul, reality-television personality, and Republican presidential hopeful has spent the past week taking Twitter pot-shots at Macy’s after the department store chain severed ties with Trump and his line of menswear amid the uproar over Trump’s recent derogatory comments about Mexican immigrants.

On Monday, Trump — who, last week, gleefully pointed out on Twitter when Macy’s stock had fallen by less than 0.5% — tweeted out a claim that his supporters have been cutting up their Macy’s credit cards “as a protest” against the U.S. government’s stance on immigration:

Thx to all the people who called to say they are cutting their @Macys credit card as a protest against illegal immigrants pouring into US

Trump has long been a proponent of beefing up American borders to stem the influx of undocumented immigrants. But, in his presidential campaign kick-off speech last month, the outspoken billionaire attracted quite a bit of criticism with comments accusing Mexican immigrants of committing serious crimes in the U.S., from rape to murder and drug dealing.

Univision slights Trump in IPO filing

Spanish-language broadcaster Univision today filed to raise $100 million in its initial public offering, although that’s almost certainly a placeholder that will eventually be replaced with a much higher dollar figure.

The moves comes just as Univision is in the midst of a giant PR battle with presidential candidate Donald Trump, over what the company referred to as Trump’s “insulting remarks about Mexican immigrants.” After Univision broke off its business partnership with Trump — including the Miss USA pageant, which Univision had been slated to air — Trump fired back by suing Univision for more than $500 million, alleging both breach of contract and defamation.

From today’s IPO filing, however, it appears that Univision doesn’t take Trump’s legal action too seriously. Here is what it says under a section titled Legal Proceedings (emphasis added):

We are subject to various lawsuits and other claims in the normal course of business. In addition, from time to time, we receive communications from government or regulatory agencies concerning investigations or allegations of noncompliance with law or regulations in jurisdictions in which we operate. We are not involved in any legal proceedings that would reasonably be expected to have a material effect on our business, financial condition or results of operations.

Ouch! Perhaps Trump could add that to his defamation claims…

As for the actual business at hand, Univision said that it will list its shares on either the NASDAQ or NYSE under ticker symbol UVN, with Morgan Stanley, Goldman Sachs and Deutsche Bank serving as lead underwriters. It reported just under $1 million of net income on around $2.9 billion in revenue for 2014, compared to $216 million of net income on $2.6 billion in revenue for the prior year.

The New York-based company was acquired in early 2007 by a private equity consortium that included Madison Dearborn Partners, Providence Equity Partners, TPG Capital and Thomas H. Lee Partners. Also participating were the Canada Pension Plan Investment Board and AlpInvest(now owned by The Carlyle Group).

Here are all the brands that have cut ties with Donald Trump

Mattress maker Serta on Thursday became just the latest company to cut ties with business mogul and Republican presidential candidate Donald Trump after his controversial comments regarding Mexican immigrants. Here’s a list of the other brands to end things with Trump:

Univision

When? June 25

The largest Spanish-language television network in the United States canceled its planned broadcasts of the Miss USA and Miss Universe pageants, which Trump co-owns. “We will not be airing the Miss USA pageant on July 12th or working on any other projects tied to the Trump Organization,” the company said in a statement. In response, Trump is suing the company for $500 million.

NBC Universal

When? June 29

“Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump,” the network announced. The network won’t broadcast Trump’s pageants or allow him to return as host of The Celebrity Apprentice, though the candidate said he was planning on stepping down from this role anyway. Trump is threatening legal action.

Televisa

When? June 29

The Mexican broadcaster said it would recall their country’s contestant from the Miss Universe pageant. “Mr. Trump hasn’t demonstrated understanding or respect toward Mexican migrants and has offended the entire Mexican population,” the company said in a statement.

Farouk Systems

When? June 29

The Houston-based hair care product manufacturer withdrew sponsorship of Trump’s pageants. “Mr. Trump’s comments do not and will never reflect our company’s philosophy or practices,” said company CEO Basim Shami.

5 Rabbit Cerveceria

When? June 29

The craft brewer that supplies exclusive beer to a bar inside Chicago’s Trump Tower ended their business relationship with Trump. “We would be doing an injustice to the community we serve (and live in) by engaging in business with someone who does not accept our role in society and expresses a rhetoric of hate and ignorance towards us,” founder and co-owner Andres Araya said.

Ora TV

When? June 30

The TV production studio controlled by Mexican billionaire Carlos Slim scrapped a planned project with Trump. “Working with such a closed-minded person would simply not work. Trump’s comments are racist,” said Ora TV chairman Arturo Elías Ayub.

Macy’s

When? July 1

The retail giant said it would phase out Donald Trump’s line of menswear from its stores. “We are disappointed and distressed by recent remarks about immigrants from Mexico,” the company said.

Donald Trump’s 3 biggest leadership mistakes

The last couple of weeks has been a tough-y for Donald Trump. On Wednesday, Macy’s Mannounced it will remove Trump’s signature merchandise from its shelves, after the real estate magnate and 2016 Republican presidential hopeful called Mexicans and other immigrant groups “rapists and killers.” The move came the same week NBC and Univision cut ties to Trump’s television properties.

The problem with The Donald isn’t just what he said, but how badly he handled the aftermath; anyone interested in what it takes to lead a business or an entire country, as Trump aspires to do, can learn from where he went wrong. So here is a look at 3 of his biggest leadership mistakes.

Going off script

Trump’s remarks shouldn’t really come as a surprise to most people. He has always been outspoken about his outlandish beliefs and never minces his words. The problem is that not only does he need to maintain a positive public image for the success of his lucrative television career and consumer brand, but he’s also running for president of a country conceived in diversity and whose voter base includes the very immigrants whom he insulted.

Given those factors, which Trump cannot possibly be unaware of, the only possible explanation for why he said what he did is that his passions outweighed his common sense. A better leader would ideally have been more open-minded but at the very least have kept his mouth shut in the face of uncertainty.

Letting your ego take over

We all make mistakes, but being able to recover from those mistakes is critical for good leadership. After Trump put his foot in his mouth, he should have apologized immediately. An apology would not have completely erased the trauma that his remarks caused to many people, but it would have gone a long way toward assuaging their anger toward him. It might even have created a valuable dialogue in public about Trump’s beliefs and allowed him to engage with voters on the issue of immigration as opposed to just being vilified for his comments.

A smart leader would have apologized quickly, as everyone from CEOs to presidents have done in the past to correct their mistakes. That doesn’t mean Trump isn’t entitled to hold a particular view, but if he wants to be the leader of the free world, he needs to exhibit the willingness to evolve and consider other points of view. A swift, serious apology was an essential step in that direction, but one that he hasn’t taken, at least not yet.

Doubling down on a bad bet

When Univision last month announced that it would no longer carry the Miss USA and Miss Universe pageants on its network, Trump should have realized the seriousness of the situation and immediately made moves to repair his fractured relationship with the company. He might have mitigated the damage if he had issued an apology, but instead he sued Univision for $500 million.

This is clearly horrifically bad public relations. It makes him look arrogant and vindictive, and obliterates any possibility of the public forgiving him. The Donald dug himself even deeper into his self-created hole. By doubling down on a bad bet, Trump has exhibited the worst trait any leader can exhibit – blind ego.

Trump has been through challenges before and even his wildest statements have only enhanced his business celebrity, if not his seriousness on the political stage. But this time around he may have gone too far and will pay a heavy price for shooting from the hip, and refusing to correct it.

Kumar is a tech and business commentator. He has worked in technology, media, and telecom investment banking. Kumar does not own shares of the companies mentioned in this article.

Macy’s just dumped Donald Trump merchandise

Macy’s M said on Wednesday it was phasing out its Donald Trump line of menswear as a result of the Republican presidential candidate’s derogatory comments last week about Mexican immigrants.

It was the second time in less than a week that Trump, a real estate developer cum reality-television star, has seen a major business partner sever ties after comments in which he accused many undocumented Mexicans of committing serious crimes, including murder, rape, and drug dealing. Last week, Comcast’s CMCSA NBCUniversal canceled plans to air Miss USA and Miss Universe — the network’s joint venture with Trump — while also opting not to invite Trump back for another season of his reality show The Celebrity Apprentice.

“Macy’s is a company that stands for diversity and inclusion,” the department store said. “We are disappointed and distressed by recent remarks about immigrants from Mexico,” Macy’s added, decrying Trump’s depiction of Mexicans, Mexican Americans and Latinos, “who have made so many valuable contributions to the success of our nation.”

Those contributions also presumably include helping Macy’s return to fast growth. The retailer has made it a major priority to reach Latinos, the fast growing major segment of the U.S. population, by allowing its stores in areas like Miami, Los Angeles, New York, Dallas and Houston, among others, tailor their assortment to local tastes. Macy’s reported a slight drop in comparable sales last quarter, making it extremely risky to alienate such a sizable part of its customer base.

Macy’s started selling Trump’s menswear line — including $70 dress shirts, $65 ties, and cuff links and watches — in 2004. Trump, who declared his candidacy for the presidency last week, has also appeared in Macy’s commercials.

Donald Trump sues Univision for more than $500 million

Billionaire real estate mogul and Republican presidential candidate Donald Trump is suing Univision for more than $500 million in New York Supreme Court after the Spanish-language network cancelled plans to air the July 12 Miss USA pageant, according to Variety.

Trump declared his candidacy for president last week with a press conference in which he derided President Barack Obama and made several disparaging comments about Mexican immigrants. Since then, various media outlets have distanced themselves from Trump. Those outlets include his former employer, Comcast’s CMCSA NBCUniversal, which canceled plans to air Miss USA and Miss Universe — the network’s joint venture with Trump — while also opting not to invite Trump back for another season of his reality show The Celebrity Appearance.

In his speech last week, Trump said of Mexican immigrants: “They’re bringing drugs, they’re bringing crime, they’re rapists,” he said, adding: “some, I assume, are good people.” After Univision cut ties with Trump’s Miss USA Pageant, the billionaire threatened legal action, claiming: “They’ll have to pay me a lot of money.” Trump also threatened legal action against NBC, but the Univision suit is the first to actually be filed.

Tuesday’s lawsuit accuses Univision of breach of contract and defamation. In a statement, Trump says his recent remarks hue closely to opinions on immigration he’s held and stated publicly for years.

“Nothing that I stated was different from what I have been saying for many years,” Trump said. “I want strong borders, and I do not support or condone illegal immigration. There is a high level of crime occurring in this country due to unchecked illegal immigration. This is a major security issue for the United States.”

Donald Trump calls lawyers after Univision dumps Miss Universe

Univision will not air the upcoming 2015 Miss USA Pageant, partially run by Donald Trump, due to comments about Mexican immigrants made in his announcement for president.

“Today, the entertainment division of Univision Communications Inc. announced that it is ending the Company’s business relationship with the Miss Universe Organization, which is part-owned by Donald J. Trump, based on his recent, insulting remarks about Mexican immigrants,” the company said in a statement.

“At Univision, we see first-hand the work ethic, love for family, strong religious values and the important role Mexican immigrants and Mexican-Americans have had and will continue to have in building the future of our country,” it continued.

On Thursday, Trump announced his intention to sue Univision for breach of contract and defamation.

“We intend to pursue all legal rights and remedies available to Mr. Trump pursuant to the terms of the license agreement as well as a defamation case against Univision,” said Michael Cohen, Trump’s executive vice president and special counsel, according to Politico. “I am at this moment finalizing the retainer agreement with outside counsel.”

During the speech, Trump implied that Mexican immigrants are bringing drugs and crime into the U.S. and also discussed plans to build a wall on the border with the country, if elected.

Unsurprisingly, Trump took to Twitter to bash the decision. “Univision wants to back out of signed @MissUniverse contract because I exposed the terrible trade deals that the U.S. makes with Mexico,” he wrote.

Univision said it will continue to cover Trump’s presidential run on Univision News and local news stations “to ensure our audience continues to have access to all points of view.”

Fortune recently spoke with nearly all the winners of Trump’s reality television show The Apprentice about his leadership qualities.

Trump is going after wrong country in Univision flap

Spanish-language broadcaster Univision today said that it will not air next month’s Miss USA beauty pageant, due to “insulting remarks about Mexican immigrants” made by presidential candidate Donald Trump, who is part-owner of the event’s parent company. Univision also said that it was ending its broader partnership with the group.

In response, Trump claimed that Univision had folded under pressure from the Mexican government:

Leaving aside the head-shaking hilarity of Trump continuing to sidestep his noxious comments (rather than apologize), the simple fact is that Mexico’s government has no actual stake in Univision.

The New York-based broadcaster, which is prepping a big IPO, was acquired in early 2007 by a private equity consortium that included American firms Madison Dearborn Partners (Chicago), Providence Equity Partners (Providence), TPG Capital (Dallas) and Thomas H. Lee Partners (Boston). Also participating were the Canada Pension Plan Investment Board, a public pension system in Canada, and AlpInvest, which at the time was primarily managing money for two large public pensions in The Netherlands.

So, if Trump really thinks he’s being shunned due to his criticism of U.S. trade deals, perhaps his real gripe is with the Canadian and Dutch governments, not the Mexican one…

Fusion has hired stars and spent millions, but is anyone reading it?

There’s been a lot of turmoil in the online-media world over the past few months, what with Gigaom shutting down (and then apparently being re-born), Re/code being acquired by Vox and The Huffington Post and TechCrunch now owned by Verizon. Part of what led Re/code’s founders to seek shelter was an awareness of the increasing stakes in the publishing business, where even 6 million unique visitors a month — the number Gigaom had before it shut down — isn’t enough to guarantee success.

So where then does that leave Fusion, the ambitious joint effort from Disney/ABC and Univision? So far, the media company has spent tens of millions over the past year, in part on hiring a team of star writers, but appears to have very little to show for it.

According to a leaked screenshot of Fusion’s web traffic that was posted by Gawker, the site had less than 35 readers looking at its top story on a recent day. The screenshot comes from a widely-used analytical tool called Chartbeat, which shows how many readers are on the site at any given moment, and how many are reading each post.

Gawker Media

If the screenshot is accurate, then Fusion had less than 700 people on its website reading any of its stories, and the top story — about the dark side of amateur pornography — had just 32 people reading. Many of the top news sites would have 10 or 100 times as many readers for their main story on a given news day. Gawker posted its own Chartbeat graph in the comments below its post, and its Fusion story had more than 1,200 concurrent readers.

Late last year, Fusion seemed full of promise: the company was hiring a number of leading writers and editors, such as former Atlantic editor Alexis Madrigal and former Reuters writer Felix Salmon, and was spending fairly large sums of money in order to do so. It recently got another $30 million in funding from its backers, and now has 250 employees in five offices.

As a recent piece in the New York Timespointed out, however, the vision for what Fusion is supposed to be, or who it is supposed to appeal to, is murky. The original idea was to try and attract young Latino and Hispanic readers and viewers, but that has since broadened to include millennials as a whole — a market that everyone from Vice News to Snapchat claim to have a lock on. Salmon said when he joined that Fusion would be “post text.”

Starting a brand new website and publishing venture is not easy, obviously. And Fusion and its financial backers may feel that they are getting enough value out of their staff in other ways apart from just raw traffic to their website — and giving the company $30 million more suggests they have confidence in its vision. But in what has become an even more high-pressure marketplace for online media, numbers like the ones above are probably not going to help anyone sleep easily.

Update: After this piece was published, Fusion editor-in-chief Alexis Madrigal posted a screenshot of his own that he said showed the number of users the site got last month—a number over 5 million. A Fusion spokesman confirmed that the screenshot came from the site’s Google Analytics dashboard, and said that it has doubled its traffic since February.